Budros Ruhlin & Roe Inc. Invests $176,000 in iShares Gold Trust (NYSEARCA:IAU)

Budros Ruhlin & Roe Inc. purchased a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 10,853 shares of the exchange traded fund’s stock, valued at approximately $176,000.

A number of other hedge funds have also recently added to or reduced their stakes in IAU. TRU Independence Asset Management 2 LLC acquired a new stake in iShares Gold Trust during the fourth quarter valued at $25,000. Encompass Wealth Advisors LLC acquired a new stake in iShares Gold Trust during the fourth quarter valued at $25,000. Reilly Financial Advisors LLC acquired a new stake in iShares Gold Trust during the first quarter valued at $28,000. Pinnacle Bancorp Inc. grew its position in iShares Gold Trust by 190.8% during the first quarter. Pinnacle Bancorp Inc. now owns 1,730 shares of the exchange traded fund’s stock valued at $28,000 after buying an additional 1,135 shares during the period. Finally, Safeguard Investment Advisory Group LLC acquired a new stake in iShares Gold Trust during the fourth quarter valued at $31,000. Institutional investors own 53.91% of the company’s stock.

IAU opened at $36.16 on Friday. iShares Gold Trust has a 52-week low of $31.94 and a 52-week high of $39.52. The firm’s fifty day moving average is $34.34.

iShares Gold Trust Company Profile

iShares Gold Trust (the Trust) is to own gold transferred to the Trust in exchange for shares issued by the Trust (Shares). Each Share represents a fractional undivided beneficial interest in the net assets of the Trust. The assets of the Trust consist of gold held by the Trust’s custodian on behalf of the Trust.

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Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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